Three Firms Bidding for Shapell Homes

Los Angeles, CA, Sept. 9, 2013 -- There are three bidders for Shapell Homes of Southern California, according to the Wall Street Journal.

WSJ said the company is expected to sell for about $1.5 billion.

Toll Brothers, Standard Pacific, and Brookfield Homes are the finalists, the Journal reported.

Shapell reportedly has one of the largest portfolios of residential land currently for sale in California, the Journal said.

                                                                 
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